45A.840 Definitions for KRS 45A.840 to 45A.879.

285 words·~1 min read·/ky/chapter-45a/45a-840

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

As used in KRS 45A.840 to 45A.879, unless the context requires otherwise:

(1)"Bond counsel" means an attorney who provides legal counsel to a bond issuing

agency with regard to bond issuance and provides an unqualified legal opinion to

the agency with respect to validity and tax treatment;

(2)"Bond issuance" means the formulation, authorization, and issuance of bonds by a

bond issuing agency;

(3)"Bond issuing agency" means the State Property and Buildings Commission,

Kentucky Asset/Liability Commission, Turnpike Authority of Kentucky, Kentucky

Housing Corporation, Kentucky Infrastructure Authority, Kentucky Higher

Education Student Loan Corporation, Kentucky River Authority, Kentucky

Agricultural Finance Corporation, Kentucky Local Correctional Facilities

Construction Authority, School Facilities Construction Commission, Murray State

University, Western Kentucky University, University of Louisville when it declines

to exercise the authority granted under KRS 164A.585(1) and 164A.605, Northern

Kentucky University, Kentucky State University, University of Kentucky when it

declines to exercise the authority granted under KRS 164A.585(1) and 164A.605,

Morehead State University, Eastern Kentucky University, and the Kentucky

Community and Technical College System;

(4)"Bonds" means the revenue bonds, notes, or other debt obligations issued by a bond

issuing agency;

(5)"Executive director" means the executive director of the Office of Financial

Management;

(6)"Office" means the Office of Financial Management established by KRS 42.0201;

(7)"Underwriter" means:

(a)The financial institution which structures and underwrites the bond issuing

agency's issuance of bonds; or

(b)The financial advisor or fiscal agent which provides advice or services to the

bond issuing agency with respect to the structure, timing, terms, or other

matters concerning bond issuance;

(8)"Underwriter's counsel" means an attorney who provides legal counsel to an

underwriter with respect to its work on behalf of a bond issuing agency.